The Euro, the New Dollar

It is becoming apparent that the Euro has become the money standard around the world. While the U.S. Dollar has long been the symbol of “global power and money,” in recent years, the popularization of the Euro has been eating away at the marketability of our U.S. Dollar.

In the near future, other hip-artists will be following in rap mogul Jay-Z’s path, by flashing the Euro in videos, as opposed to the U.S. dollar. In addition, even a few high end stores on the East Coast only accept the Euro, therefore, other stores will follow suit, as they attempt to attract more European shoppers in the area or Americans that have Euro in their possession.

Some Americans need to realize that the world is huger than the U.S. borders. Also, maybe members of Congress and other members of the U.S. Executive Branch underestimated the power and influence of the Euro, since its introduction in 1996? In either case, we have to accept that the popularity of the Euro does not seem to be diminishing.

In the next fifteen to twenty years, almost every person in the world will be using one form of money. As it stands now, it appears that the Euro has an advantage over the U.S. Dollar. In recent moments, the U.S. Dollar has not been performing well against the Euro, from an economic perspective. Additionally, if the Euro can be introduced through more music videos and commercials, it will help to make the switch to the Euro easier for those than now use the U.S. Dollar.